Utilizing multiple regression model study, the
study suggests that foreign direct investment has maximum influence on economic
growth (GDP) of countries. The independent variables are correlated and also
individually they are significant predictors of Economic growth of countries

I – INTRODUCTION

Economic growth
refers to the increase in prosperity and wealth of a nation or country.
Generally, economic growth is used as a synonym of GDP (gross domestic
product). Economic growth is a top priority for policy makers around the world.
It is generally agreed that a number of factors influence an economy to grow,
including productivity increases, population growth, better educated and
healthier work force, and the ease of doing business, investments in energy by
private participation, FDI, government expenses, human capital accumulation,
physical capital accumulation, labour force ,technology improvement, foreign
trade, foreign trade investment and attitudes of people. Some factors have
positive effect and some have negative effect on economic growth of a nation.

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